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Fists pumping, REALTOR leaders from around the country sang along Monday afternoon with a song they helped write. Incoming state and local presidents and their association executives, meeting,…
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C.A.R.’s Los Angeles and Sacramento offices will be closed on Friday, Aug. 22, so that the Association’s employees may participate in a professional development session.
Calls to the main telephone number at (213) 739-8200 will be answered between the hours of 8:30 a.m. and 4:45 p.m. The Legal Hotline and other Customer Contact Center lines will be closed for the day.
Members who need assistance from the Legal Hotline are asked to call C.A.R. before August 22, or may call regarding transactional questions during our limited Saturday service hours of 10 a.m. to 2 p.m. on August 23. Employees may be able to return urgent phone calls or emails during the day, and any outstanding calls will be returned Monday, Aug. 25.
We thank you for your patience and support and apologize for the temporary inconvenience this closure may cause while our employees are taking time out for continuing education so that they can better serve you in the future.
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Housing Wire: Zillow names Top 10 cities to rent your home
By Brena Swanson
A Zillow Rentals analysis looked at the top 50 U.S metros to determine which areas provide the best short-term return on investment for landlords. Rental property owners in the Oklahoma City metro area can expect to profit $536 per month on the median home when comparing anticipated rental income versus their assumed monthly mortgage payment.
Silicon Valley News: Bay Area home prices plateau
By Pete Carey
Single family home sales dropped and prices hit a plateau in much of the Bay Area, according to the real estate information company Corelogic DataQuick.
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For release:
August 19, 2014
California home sales and prices improve in July
LOS ANGELES (Aug. 19) – California home sales posted higher for the second straight month, and while the statewide median home price rose from the previous month as well as a year ago, the pace of appreciation continued to slow, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 398,940 units in July, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. July marked the ninth straight month that sales were below the 400,000 level and a full year that sales have declined on a year-over-year basis. Sales in July increased 1.2 percent from a revised 394,250 in June but were down 10 percent from a revised 443,500 in July 2013. The July 2014 sales rate was the highest since October 2013. The statewide sales figure represents what would be the total number of homes sold during 2014 if sales maintained the July pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
"It’s encouraging that home sales have risen in the past two months, but low housing affordability and stringent underwriting standards are still holding back sales," said C.A.R. President Kevin Brown. "However, recent news of changes to how credit scores are determined should make it easier for first-time buyers who are on the cusp of qualifying and others who are having a difficult time getting a loan because their credit scores are less than satisfactory."
The statewide median price of an existing, single-family detached home edged up 1.6 percent from June’s median price of $457,630 to $464,750 and up 7.1 percent from the revised $433,740 recorded in July 2013. The statewide median home price has increased year over year for the previous 29 months, marking more than two full years of consecutive year-over-year price increases. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.
"While the market improved on a month-to-month basis, statewide home sales experienced another double-digit loss on an annual basis and is down 10.2 percent year to date. Last July’s sales level was higher than normal as sales increased in response to rising interest rates as the markets anticipated the Fed’s "tapering" initiative," said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. "Moving forward, improving inventory, recent lower interest rates, and a tempering of home prices should help spur sales in the coming months."
Other key facts from C.A.R.’s July 2014 resale housing report include:
• Housing inventory moved slightly higher in July, with the available supply of existing, single-family detached homes for sale increasing from 3.7 months in June to 3.8 months in July. The index was 2.9 months in July 2013. The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate. A six- to seven-month supply is considered typical in a normal market.
• The median number of days it took to sell a single-family home also rose in July, up from 33.9 days in June to 35.7 days in July and up from a revised 27.9 days in July 2013.
• Mortgage rates dipped in July, with the 30-year, fixed-mortgage interest rate averaging 4.13 percent, down from 4.16 percent in June and down from 4.37 percent in July 2013, according to Freddie Mac. Adjustable-mortgage interest rates in July averaged 2.39 percent, down from 2.40 percent in June and down from 2.66 percent in July 2013.
Graphics (click links to open):
• July sales at-a-glance infographic.
• Unsold Inventory by price range.
• Change in sales by price range.
• Share of sales by price range.
Note: The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only. County sales data are not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. Due to the low sales volume in some areas, median price changes July exhibit unusual fluctuation. The change in median prices should not be construed as actual price changes in specific homes.
Leading the way?® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 165,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
July 2014 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)
| July-14 | Median Sold Price of Existing Single-Family Homes | Sales | |||||||
State/Region/County |
Jul-14 |
Jun-14 |
Jul-13 |
MTM% Chg |
YTY% Chg |
MTM% Chg |
YTY% Chg |
||
| CA SFH (SAAR) | $464,750 | $457,630 | r | $433,740 | r | 1.6% | 7.1% | 1.2% | -10.0% |
| CA Condo/Townhomes | $376,080 | $372,070 | $350,930 | r | 1.1% | 7.2% | 1.8% | -6.8% | |
| Los Angeles Metro Area | $421,050 | $416,290 | $396,260 | r | 1.1% | 6.3% | -2.1% | -7.7% | |
| Inland Empire | $275,990 | $279,060 | $250,450 | -1.1% | 10.2% | -0.1% | -3.2% | ||
| S.F. Bay Area | $760,430 | $771,610 | $711,410 | r | -1.4% | 6.9% | 6.0% | -1.6% | |
S.F. Bay Area |
|||||||||
| Alameda | $722,620 | $743,810 | $662,040 | -2.8% | 9.2% | 14.8% | -4.6% | ||
| Contra-Costa (Central Cty.) | $792,240 | $765,960 | $711,850 | 3.4% | 11.3% | 8.7% | 4.3% | ||
| Marin | $1,029,760 | $1,060,610 | $1,000,000 | -2.9% | 3.0% | -17.2% | -13.9% | ||
| Napa | $650,000 | $556,250 | $511,900 | 16.9% | 27.0% | -8.2% | -22.2% | ||
| San Francisco | $940,620 | $987,500 | $842,550 | -4.7% | 11.6% | 16.2% | -10.0% | ||
| San Mateo | $1,108,000 | $1,120,000 | $919,000 | -1.1% | 20.6% | 3.9% | -1.6% | ||
| Santa Clara | $860,500 | $900,000 | $840,000 | -4.4% | 2.4% | 3.5% | -1.7% | ||
| Solano | $335,870 | $320,640 | $279,330 | 4.7% | 20.2% | 9.9% | 17.8% | ||
| Sonoma | $510,110 | $497,010 | $473,640 | 2.6% | 7.7% | 5.3% | 0.6% | ||
Southern California |
|||||||||
| Los Angeles | $461,290 | $435,950 | $421,350 | 5.8% | 9.5% | -4.4% | -7.3% | ||
| Orange County | $695,270 | $696,680 | $675,000 | -0.2% | 3.0% | -2.1% | -16.4% | ||
| Riverside County | $319,960 | $321,840 | $294,300 | -0.6% | 8.7% | -5.5% | -3.6% | ||
| San Bernardino | $216,570 | $202,420 | $180,270 | 7.0% | 20.1% | 10.1% | -2.5% | ||
| San Diego | $523,070 | $531,350 | $483,800 | -1.6% | 8.1% | -5.5% | -18.8% | ||
| Ventura | $585,830 | $571,250 | $545,720 | 2.6% | 7.3% | 0.5% | -8.3% | ||
Central Coast |
|||||||||
| Monterey | $445,000 | $485,000 | $408,800 | -8.2% | 8.9% | 6.5% | -8.0% | ||
| San Luis Obispo | $490,540 | $503,250 | $491,790 | -2.5% | -0.3% | 9.8% | -14.9% | ||
| Santa Barbara | $685,480 | $659,480 | $598,680 | 3.9% | 14.5% | -13.4% | -22.3% | ||
| Santa Cruz | $725,000 | $699,500 | $601,000 | 3.6% | 20.6% | 6.6% | -5.8% | ||
Central Valley |
|||||||||
| Fresno | $201,530 | $201,080 | $183,870 | 0.2% | 9.6% | -1.7% | -12.6% | ||
| Glenn | $145,000 | $175,000 | $140,000 | -17.1% | 3.6% | -15.8% | -11.1% | ||
| Kern (Bakersfield) | $210,000 | $215,480 | $195,500 | -2.5% | 7.4% | 11.1% | 1.4% | ||
| Kings County | $175,450 | $194,440 | $173,330 | -9.8% | 1.2% | -12.7% | 1.5% | ||
| Madera | $211,110 | $206,250 | $175,710 | 2.4% | 20.1% | -15.4% | -43.6% | ||
| Merced | $173,640 | $158,820 | $163,080 | 9.3% | 6.5% | 12.1% | 19.8% | ||
| Placer County | $381,040 | $382,970 | $372,220 | -0.5% | 2.4% | 8.4% | -5.4% | ||
| Sacramento | $276,180 | $271,630 | $254,550 | 1.7% | 8.5% | 5.3% | -4.5% | ||
| San Benito | $415,000 | $420,000 | $400,000 | -1.2% | 3.8% | 4.4% | -6.0% | ||
| San Joaquin | $259,900 | $267,020 | $225,000 | -2.7% | 15.5% | -4.0% | -12.1% | ||
| Stanislaus | $230,040 | $233,050 | $193,920 | -1.3% | 18.6% | -2.7% | -6.5% | ||
| Tulare | $174,670 | $176,520 | $157,140 | -1.0% | 11.2% | -0.7% | 3.1% | ||
Other Counties in California |
|||||||||
| Amador | $247,500 | $238,890 | $196,670 | 3.6% | 25.8% | -2.5% | -4.9% | ||
| Butte County | $276,140 | $251,250 | $239,280 | 9.9% | 15.4% | 6.1% | -14.7% | ||
| Calaveras | $239,500 | $252,640 | $227,000 | -5.2% | 5.5% | 12.2% | -10.7% | ||
| Del Norte | $165,000 | $185,580 | $155,000 | -11.1% | 6.5% | 90.0% | 0.0% | ||
| El Dorado County | $385,160 | $372,950 | $350,760 | 3.3% | 9.8% | -6.8% | -12.2% | ||
| Humboldt | $247,000 | $248,960 | $267,050 | -0.8% | -7.5% | 12.1% | -3.5% | ||
| Lake County | $174,540 | $184,440 | $141,430 | -5.4% | 23.4% | -11.1% | 3.9% | ||
| Tuolumne | $238,160 | $237,500 | $212,500 | 0.3% | 12.1% | 22.2% | -1.3% | ||
| Mendocino | $300,000 | $319,230 | $286,360 | -6.0% | 4.8% | -2.1% | -20.7% | ||
| Nevada | $308,500 | $331,000 | $323,000 | -6.8% | -4.5% | 12.0% | -8.0% | ||
| Plumas | $217,500 | $230,250 | NA | -5.5% | NA | 0.0% | -52.2% | ||
| Shasta | $216,460 | $226,780 | $200,000 | -4.6% | 8.2% | 10.8% | 1.4% | ||
| Siskiyou County | $160,000 | $163,750 | $140,000 | r | -2.3% | 14.3% | -11.6% | -9.5% | |
| Sutter | $220,000 | $213,500 | $212,500 | 3.0% | 3.5% | 2.8% | 37.0% | ||
| Tehama | $165,000 | $182,500 | $185,000 | -9.6% | -10.8% | 29.0% | 2.6% | ||
| Yolo | $340,540 | $377,420 | $346,250 | -9.8% | -1.6% | 2.8% | -11.4% | ||
| Yuba | $183,500 | $207,500 | $170,500 | -11.6% | 7.6% | 25.0% | 6.1% | ||
r = revised
NA = not available
July 2014 County Unsold Inventory and Time on Market
(Regional and condo sales data not seasonally adjusted)
| July-14 | Unsold Inventory Index | Median Time on Market | ||||||||
State/Region/County |
Jul-14 |
Jun-14 |
Jul-13 |
Jul-14 |
Jun-14 |
Jul-13 |
||||
| CA SFH (SAAR) | 3.8 | 3.7 | 2.9 | 35.7 | 33.9 | 27.9 | r | |||
| CA Condo/Townhomes | 3.3 | 3.3 | 2.6 | 36.3 | 34.5 | 27.7 | ||||
| Los Angeles Metro Area | 4.1 | 4.0 | 3.0 | 45.8 | 44.5 | 34.2 | ||||
| Inland Empire | 4.3 | 4.2 | 3.1 | 48.9 | 45.0 | 32.7 | ||||
| S.F. Bay Area | 2.4 | 2.4 | 2.3 | 36.0 | 33.3 | 36.6 | r | |||
S.F. Bay Area |
||||||||||
| Alameda | 2.1 | 2.3 | 1.9 | 48.1 | 47.9 | 49.2 | ||||
| Contra-Costa (Central Cty.) | 2.3 | 2.3 | 1.9 | r | 50.1 | 48.7 | 49.1 | r | ||
| Marin | 2.7 | 2.4 | 2.8 | 37.3 | 29.1 | 40.7 | ||||
| Napa | 4.8 | 4.3 | 3.9 | 54.0 | 47.5 | 48.2 | ||||
| San Francisco | 2.7 | 3.1 | 2.5 | 23.3 | 20.9 | 24.2 | ||||
| San Mateo | 1.7 | 1.8 | 1.9 | 19.0 | 18.6 | 19.4 | ||||
| Santa Clara | 1.9 | 1.9 | 2.1 | 19.2 | 18.0 | 18.3 | ||||
| Solano | 2.9 | 3.2 | 2.8 | 37.5 | 33.7 | 34.4 | ||||
| Sonoma | 3.0 | 3.1 | 3.0 | 45.0 | 43.0 | 47.7 | ||||
Southern California |
||||||||||
| Los Angeles | 3.8 | 3.8 | 2.9 | 39.8 | 39.7 | 28.7 | ||||
| Orange County | 4.2 | 4.0 | 3.0 | 53.1 | 52.8 | 43.2 | ||||
| Riverside County | 4.4 | 4.1 | 3.1 | 52.8 | 47.5 | 34.6 | ||||
| San Bernardino | 4.3 | 4.5 | 3.1 | 42.5 | 40.4 | 29.5 | ||||
| San Diego | 4.4 | 4.0 | 3.3 | 24.7 | 24.1 | 23.5 | ||||
| Ventura | 3.8 | 3.7 | 3.5 | 49.3 | 47.5 | 41.6 | ||||
Central Coast |
||||||||||
| Monterey | 4.2 | 4.3 | 3.6 | 27.9 | 27.4 | 22.7 | ||||
| San Luis Obispo | 5.0 | 5.5 | 3.8 | 28.2 | 34.3 | 27.3 | ||||
| Santa Barbara | 4.7 | 4.0 | 3.7 | 36.8 | 27.4 | 37.6 | ||||
| Santa Cruz | 3.1 | 3.3 | 3.1 | 24.1 | 24.3 | 22.8 | ||||
Central Valley |
||||||||||
| Fresno | 4.8 | 4.5 | 3.5 | 27.9 | 25.7 | 23.1 | ||||
| Glenn | 6.4 | 4.5 | r | 5.1 | 50.3 | 28.6 | 27.1 | |||
| Kern (Bakersfield) | 3.0 | 3.3 | r | 2.2 | r | 20.0 | 20.0 | 14.0 | ||
| Kings County | 3.8 | 3.5 | 3.5 | 39.9 | 46.8 | 26.3 | ||||
| Madera | 4.8 | 3.9 | 2.2 | 50.3 | 27.9 | 29.3 | ||||
| Merced | 3.3 | 3.6 | 2.5 | 29.8 | 28.7 | 19.9 | ||||
| Placer County | 3.6 | 3.8 | 2.5 | 25.5 | 23.0 | 20.0 | ||||
| Sacramento | 3.2 | 3.2 | 2.5 | 22.0 | 22.3 | 19.3 | ||||
| San Benito | 3.6 | 3.5 | 2.4 | 26.2 | 26.1 | 19.6 | ||||
| San Joaquin | 3.3 | 3.0 | 2.5 | 23.2 | 23.1 | 19.2 | ||||
| Stanislaus | 3.2 | 3.0 | 2.4 | 22.6 | 23.2 | 18.9 | ||||
| Tulare | 4.1 | 3.9 | 3.5 | 42.0 | 33.6 | 24.7 | ||||
Other Counties in California |
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| Amador | 6.2 | 5.8 | 4.6 | r | 52.8 | 55.9 | 29.0 | r | ||
| Butte County | 4.2 | 4.4 | 3.2 | 29.0 | 31.7 | 25.4 | ||||
| Calaveras | 6.9 | 7.6 | 4.7 | r | 39.0 | 35.0 | 40.0 | |||
| Del Norte | 9.6 | 18.7 | 9.1 | r | 116.0 | 148.0 | 136.0 | r | ||
| El Dorado County | 5.4 | 5.0 | 4.2 | 33.0 | 35.1 | 28.2 | ||||
| Humboldt | 5.9 | 6.4 | 5.1 | 44.0 | 28.1 | 29.3 | ||||
| Lake County | 6.3 | 5.4 | 5.8 | 57.2 | 57.9 | 68.3 | ||||
| Tuolumne | 6.7 | 8.2 | 5.9 | 33.2 | 43.8 | 37.7 | ||||
| Mendocino | 8.7 | 8.0 | 6.9 | 61.0 | 53.8 | 73.9 | ||||
| Nevada | 6.8 | 7.0 | NA | 34.0 | 28.0 | 19.0 | ||||
| Plumas | 23.4 | 22.2 | NA | 71.0 | 152.0 | NA | ||||
| Shasta | 5.5 | 6.0 | 4.4 | r | 45.5 | 29.3 | 28.8 | r | ||
| Siskiyou County | 11.4 | 9.7 | 10.1 | 53.4 | 47.3 | 44.5 | ||||
| Sutter | 3.9 | 3.4 | 3.2 | 38.0 | 14.0 | 10.0 | r | |||
| Tehama | 6.0 | 7.7 | 5.3 | 66.8 | 52.8 | 47.9 | ||||
| Yolo | 3.0 | 3.0 | 2.3 | 19.8 | 21.3 | 19.1 | ||||
| Yuba | 3.9 | 4.1 | 3.3 | 26.0 | 9.0 | 13.0 | ||||
r = revised
NA = not available
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CAR Opposes Bill That Creates Liens and Clouds Title
C.A.R. is OPPOSING AB 2416 (Stone), a bill that creates a new kind of lien for wage claim disputes.because it denies due process to the owner of the property, and unnecessarily clouds title. The bill was just passed by the Senate Appropriation Committee and could make it to the Senate floor by Monday August 18.
Please check your email for a Red Alert!
If your legislator was targeted, you should have received a Red Alert in your email. Please follow the directions in the email to be connected to your senator’s office.
Ask your senator to vote NO on AB 2416.
Background:
Under existing law, trades people and others who have conducted work to improve a property have the right to record a mechanics lien against the property for payment for that work. This bill is not like a mechanics’ lien. Additionally, if an employee has a wage dispute with their employer there are multiple legal remedies available to them to seek fair compensation. This is a new and different remedy.
AB 2416 seeks to create a new wage lien, without the procedural protections of the mechanics lien so that an employee may record a lien against any property owned by the employer, even property that has NO connection to the dispute. The new rule purports to exempt principal residences, but the bill invites “shotgun” recordings that will hit all properties.
Talking Points:
• Property owners are denied due process. AB 2416 allows an employee to record a lien against an employer’s property without adequate notice or opportunity to contest the claim before the lien attaches.
• The bill invites misuse by unscrupulous creditors of an employee. Allowing unscrupulous creditors to take over the employee’s wage claim, without even the need for a garnishment order, invites employees (and property owners) to be victimized twice.
• Innocent property owners are unfairly burdened. The bill allows a lien against commercial property of a landlord whose tenant has a dispute with one of his or her employees.
• AB 2416 allows an employee’s wage dispute to cloud title on ALL property owned by an employer even though the dispute does not involve the property, and even though there has been no hearing on the issue.
• There are already existing legal remedies for wage disputes. Between arbitration, grievance processes, and lawsuits, employees already have sufficient legal options at their disposal to address wage disputes without chilling the availability of mortgage finance and unnecessarily clouding title.
For more information, contact DeAnn Kerr at deannk@car.org or Rian Barrett at rianb@car.org.
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For release:
August 13, 2014
Second quarter housing affordability declines statewide and in 19 of 26 California counties
LOS ANGELES (Aug. 13) – Lower interest rates in the second quarter of 2014 failed to offset continued home price increases, lowering housing affordability statewide and in 19 of 26 counties in California, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California fell from 33 percent in the first quarter of 2014 to 30 percent in second-quarter 2014 and was down from 36 percent in second-quarter 2013, according to C.A.R.’s Traditional Housing Affordability Index (HAI).
C.A.R.’s HAI measures the percentage of all households that can afford to purchase a median-priced, single-family home in California. C.A.R. also reports affordability indices for regions and select counties within the state. The Index is considered the most fundamental measure of housing well-being for home buyers in the state.
Home buyers needed to earn a minimum annual income of $93,590 to qualify for the purchase of a $457,140 statewide median-priced, existing single-family home in the second quarter of 2014. The monthly payment, including taxes and insurance on a 30-year fixed-rate loan, would be $2,340, assuming a 20 percent down payment and an effective composite interest rate of 4.32 percent. The effective composite interest rate in first-quarter 2014 was 4.46 percent and 3.64 percent in the second quarter of 2012.
The median home price was $416,720 in first-quarter 2014, and an annual income of $86,420 was needed to purchase a home at that price.
Key points from the second quarter Housing Affordability report include:
• During the second quarter of 2014, the three most affordable counties in California were Kings (64 percent), San Bernardino (58 percent), and Merced (57 percent).
• The least affordable counties in California were San Francisco, San Mateo, and Marin (all at 14 percent).
• Only Monterey County experienced an improvement in housing affordability from the previous quarter, largely due to a lower median home price. Housing affordability in San Mateo, Sonoma, San Luis Obispo, Santa Barbara, Fresno, and Kings counties was unchanged quarter to quarter.
• Housing affordability has dropped 26 percent since first-quarter 2012, when housing peaked as the most affordable in California. • With home prices increasing at double-digit rates throughout 2013 and interest rates higher than levels observed in early 2013, both the monthly payment, including taxes and insurance (PITI), and minimum income required to purchase a home, shot up by more than 66 percent at the statewide level.
• The monthly PITI and minimum income required to purchase a home compared to the affordability peak increased the most in Santa Barbara County, followed by Alameda and San Mateo counties.
• The monthly PITI and minimum income required increased the least in Kings, San Luis Obispo, and Santa Cruz counties, when compared to the peak.
• When compared to the peak, affordability in Monterey, Santa Barbara, Alameda, Solano, and Sacramento counties has declined the most.
• The five counties that have declined the least since the peak are Kings, San Francisco, Contra Costa, San Luis Obispo, and Marin.
Housing Affordability slides (click link to open):
Affordability peak versus current*
Annual income peak versus current*
PITI peak versus current*
*County data available by request
See C.A.R.’s historical housing affordability data.
See first-time buyer housing affordability data.
Leading the way?® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 165,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
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August 18, 2014: In the fifth video in The Voice for Real Estate news series, NAR Director of Broadcasting Stephen Gasque looks at changes to the HUD-1 and Good Faith Estimate forms, FICO…
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WASHINGTON (August 18, 2014) –The National Association of Realtors®’ new .REALTOR top-level domain will be available October 23, 2014 to members of NAR and the Canadian Real Estate Association.
The Internet is undergoing vast changes with the creation of over 1,900 new top-level domains, and with nine out of 10 recent buyers beginning their home search online, it has become even more critical for Realtors® to create a branded space online.
The .REALTOR domain will help Realtors® stand apart from other real estate professionals, creating a more positive… Read More
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C.A.R.’s Los Angeles and Sacramento offices will be closed on Friday, Aug. 22, so that the Association’s employees may participate in a professional development session.
Calls to the main telephone number at (213) 739-8200 will be answered between the hours of 8:30 a.m. and 4:45 p.m. The Legal Hotline and other Customer Contact Center lines will be closed for the day.
Members who need assistance from the Legal Hotline are asked to call C.A.R. before August 22, or may call regarding transactional questions during our limited Saturday service hours of 10 a.m. to 2 p.m. on August 23. Any outstanding calls will be returned Monday, Aug. 25.
We thank you for your patience and support and apologize for the temporary inconvenience this closure may cause while our employees are taking time out for continuing education so that they can better serve you in the future.
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C.A.R.’s Los Angeles and Sacramento offices will be closed on Friday, Aug. 22, so that the Association’s employees may participate in a professional development session.
Calls to the main telephone number at (213) 739-8200 will be answered between the hours of 8:30 a.m. and 4:45 p.m. The Legal Hotline and other Customer Contact Center lines will be closed for the day.
Members who need assistance from the Legal Hotline are asked to call C.A.R. before August 22, or may call regarding transactional questions during our limited Saturday service hours of 10 a.m. to 2 p.m. on August 23. Any outstanding calls will be returned Monday, Aug. 25.
We thank you for your patience and support and apologize for the temporary inconvenience this closure may cause while our employees are taking time out for continuing education so that they can better serve you in the future.
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